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Indian Companies That Consistently Outpaced The Economy
Despite a slowing GDP growth prior to Covid-19, four firms delivered returns better than nominal GDP growth in last five years.
02 Dec 2020, 08:29 AM IST
Corporate earnings suffered as India’s growth slowed even prior to the pandemic as mounting bad loans slowed credit growth, defaults by IL&FS group caused a credit crisis and slowing consumption cooled GDP growth.The GDP growth has a correlation with the earnings as corporate financials improve when a growing economy generates a higher demand for goods and services. In the last five financial years, the nominal GDP (at current prices...
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